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10 lakh bank employees on strike: All you should know

26 Dec 2018

10 lakh bank employees on strike: All you should know

Nearly 10 lakh bank employees went on a strike on Wednesday, December 26, and it is sure to hit offline services like withdrawing, depositing cash, clearance of cheques and issuance of demand drafts.
Government mulls merging four more state-run banks to reduce losses

04 Jun 2018

Government mulls merging four more state-run banks to reduce losses

The government is mulling a major merger of at least four state-run banks - Bank of Baroda, IDBI Bank Ltd, Central Bank of India and Oriental Bank of Commerce - to give a boost to India's struggling banking sector, HT reports.
Cheque-books of six banks to be invalid from December 31

27 Dec 2017

Cheque-books of six banks to be invalid from December 31

The chequebooks of six banks formerly associated to SBI will become invalid on December 31. The earlier deadline was September 30, which was extended.
PSB Consolidation: Cabinet gives nod to merge state-owned banks

24 Aug 2017

PSB Consolidation: Cabinet gives nod to merge state-owned banks

Taking another step towards consolidation of public sector banks (PSBs), the Union Cabinet approved an "Alternative Mechanism" for constituting an inter-ministerial panel for overseeing the mergers of 21 state-run banks.
Govt plans more SBI-like mergers to create global-sized banks

10 Jun 2017

Govt plans more SBI-like mergers to create global-sized banks

Reports say that the Finance Ministry is now planning to replicate the success it has made with SBI's merger with its five associate banks and Bharatiya Mahila Bank.
SBI lending rates cut to 9.10%, minimum balance hiked

04 Apr 2017

SBI lending rates cut to 9.10%, minimum balance hiked

On Monday, State Bank of India (SBI), which is flushed with liquidity, reduced its base rate by 15 basis points from 9.25% to 9.10% with effect from April 1, 2017.